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. number two, as bill clinton and president obama point out, the math doesn't add up when you're trying to do this just on deductions. you need to do both deductions and loopholes and, of course, raise the rate. that's the only way the math works. and as far as hurt the economy, let me say for the 10,000th time, bill clinton raised tax rates on the top 2% in 1993 and we then proceeded to grow the economy by 23 million jobs. so, that's a bunch of bull, speaker boehner. >> let's go back to alex with the same question. i will argue that even though he hasn't specified the deductions or the loopholes he's going to close, the governor is right, there isn't enough at the top to close to make up for this advantage they have now but it seems he's accepting the moral argument. he's saying, the rich should get socked, too. that was an amazing admission for him to say to that. your thoughts. >> i agree with you. the fact that john boehner is out there saying we are asking the rich to pay more in taxes is not something they ever would have done in 2011. if you remember, math by details in the sitdo
the growth. rebound and former president bill clinton hitting the links. this is a photo from last year. what we don't know what was said teen them this year my guest homes the former president was critiquing more than just his successor's swing. art laffer was the top reagan economic adviser and you voted twice for bill clinton because his prosecutor mix of taxes. explain that? >>guest: yes i sure did. but for the raise hikes at top end, he cut taxes on the working people between ages of 65 and 72. he cut taxes on trade and products. he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment taxes was that concurrent with what was going on in the income tax hike front? >>guest: no. it was not. the capital gains tax reduction which he dropped the high of the race from 28 percent to 20 percent but what he really did that was amazing, he exempted owner occupied homes from ever paying capital gains taxes again, $250
're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was under george bush or barack obama. so i think your case is good in the short term, not so good in the long term. i think the best way to restore confidence in wall street in the long term would be to show we're serious about the deficit. i don't think any deal they strike will be as serious about the deficit as this fiscal slope. >> i just think that era, you're right. the economy boomd especially in the mid 1990s and late 1990s. i don't think it did so well a couple years after bill clinton raised taxes. that's one of the reasons 1994 republicans had the biggest election they've had in 100 years. people wanted an end to the kind of liberalism. but the president better put some spending cuts on the table here. because if he doesn't, i just think the whole thing blows up. larry i'm afraid now we are going to see a potential goi
clinton and the president bill clinton i think we met really don't know what they're doing. the vice president should be with the senate right now. that's whht he should be doing, not out shopping or campaigning. this is serious stuff. we are going t raise this year -- this is one thing tt is not being talked about. almost $3 trillion. that will be the most of this government in the history of the republic has ever taken in. $3 trillion. so why the current tax rate revenues increase? why would you go and raise tax rates on businesses and people who are trying to create jobs. most of those are small businesses. lou: and fitting into the top 2%, according toome etimates -- as he talked about the size of the revenue coming in, most of that from income tax, obviously. pple forget that we have seen revenue of the federal government rise by 26% over the past two years. with those bush tacuts in place. with that kind of increase in revenue, spending is without question the problem. >> yes, and to talk about raising taxes right now. at the same time, not talk about health care. we had a gues
the clinton did back in 1992 and you end up with a bill. you have a solid expansion. what do you make up with that argument? >> i hope they do not believe that argument. look, maybe barack obama is right. maybe if you raise these taxes, it will not hurt the economy. [talking over each other] stuart: bill clinton raised taxes and the economy took off. >> there are a lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are d
as the speaker, with bill clinton. but the second term, they did get stuff done. both of them used to them me, they used to throw everybody out of the room, and get it done. what worries me about the boehner/obama relationship, it seems like it's almost nonexistent. they can't even shake hands at a party, for goodness sake. >> and in many ways, i blame the republicans for not coming up with a real deal, not recognizing what the voters did. at the same time, i think obama has been very, very poor at applying the personal charm and chemistry that the president can. dragging people off to camp david. and we don't know whether or not that would work. but he hasn't tried it. and when a government budget is at stake -- >> larry, they did feel offended by president obama's last offer. they felt it was so outrageous. >> it was outrageous. it was double what they saw last year. it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good
can tell you, it's not a hard ask, it's a partnership. and actually, as much as bill clinton and newt gingrich loatheds each other at times, they worked together to deal with -- >> on impeachment. >> to deal with republicans like myself on balancing the budget for the first time in a generation, balancing it four years for the first time since the 1920s, paying down the national debt. and you know what? newt gingrich always had to fight us on his right flank, and he and bill clinton sat in the white house and strategized. >> i have a question. >> republican votes for that first clinton budget that set them on the path. >> joe, i've got -- >> hold on. come on, richard. you must have been sleeping or somewhere in britain in '95, '96, '97, '98 and '99 when we balanced the budget for the first time in a generation. >> joe, i have a question for you. let's say boehner goes back to his caucus and says, you know what? from the president's first proposal, i was able to shave off $600 billion in tax hikes. >> right. >> so i saved that. >> by the way, we're going to end up at, like, 1.2, aren't
people, it would clearly have large consequences for him. bill: secretary of state hillary clinton called an emergency meeting with the pentagon. >> the pentagon has contingency plans for everything including the chemical attack. it's believed according to a u.s. source that syria has put this sarin fast into cannisters that could be dropped from planes. these cannisters are designed to fracture so the devastating nerve gas could escape. but it's not known whether syria intends to use those chemical weapons. we think we have it in aerosol form. the u.s. is making contingency plans in case bashar al-asaad leaves the country suddenly and flees somewhere for asylum which would leave a vacuum there. several countries in that region are trying to find a place for assad to go. secretary of state hillary clinton has a just-added meeting today in dublin, ireland. here you see her earlier today. she and the russian minister decided to meet with the envoy to syria. across barbra himybill: russia s discussion in moscow. earlier in a week there was a report it was pulling support away from damascus.
'll be with him in a moment. they say america doesn't have anything to worry about, bill clinton calling everybody out. bill: bob co stas going head-to-head with bill o'reilly about his recent on air attack about gun and a gun culture in america after the murder-suicide of an nfl player and his girlfriend. >> obviously americans have a right to bare arms i'm not looking to repeal the 2nd amendment. i have i have not immersed myself in it all my life. i never called for a probation on guns, never used the words gun control ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do bill: a rescue effort after a deadly accident inside of this water tower in eastern pennsylvania when equipment malfunctioned sending a member of the cleaning crew plummeting to his death inside and left another suspended for hours. the firefighters on the scene taking extra precaution while rescuing that second worker. >> he was talking to us from the one set that's why this was not an immediately 4 rushed operation. we took our time and put all the safety -- as much safety into the system as w
rationale? >> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3% negative growth for two quarters and we'll go back with a slightly less than 2% growth rate for the entire. we're not going to get out of this without pain. anybody when thinks we'll get through the deficit problem without having to do some sacrificing is wrong. what this does in my view as a democrat is it distributes the burden of the pain fairly, that is, we go back to the clinton tax rates for everybody, not just for rich folks. and we had a good economy under bill clinton. we go back -- we get -- cuts in defense spending which we know is higher than it needs to be and we cut some human services thin
we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i
you feel. >> thank you very much. >> schieffer: after beating bob dole in 1996, bill clinton invited dole to the white house for a ceremony honoring world war ii veterans. dole brought downtown house when he said, "i, robert j. dole..." ( laughter ) "do solemnly swear-- oops. ( laughter ) sorry, wrong speech. ( laughter ) but i had a dream... ( laughter ) that i would be here this historic week receiving something from the president. ( laughter ) but i thought it would be the front door key. ( laughter ) >> schieffer: our "face the nation" flashback. was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. get it and you're in. >> schieffer: well, that's it for us today. we thank you for watching "face the nation" as always. we'll see you right here next week. captioning sponsored by cbs captioned by media access group at wgbh acces
breakthroughs. and i lived in d.c. the only way to make major break throughs in d.c. is do what bill clinton did and reach across the table. >> susie: you know, bond the-- beyond the fiscal cliff and i know that say big issue hanging over the markets but there are also fundamentals going on as well. we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think go
-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two competing plans at this point and how much bowles is connected or not connected to this plan. still ahead this morning on "starting point" a young cancer patient missing from a hospital and her life depends on finding her. we'll tell you what happened when police found her father. that's coming up. this holiday, share ever
to get serious as they did in 1993 under a democratic president, president bill clinton and say this is the target. $500 billion a year in reduced deficit. and we're going to get there. >> bill: 500 billion a year you would reduce. >> absolutely. >> bill: i would double that i would do a trillion. >> you can't quite get there i think you can get. >> bill: what if i sold rhode island then i could probably get that. [ laughter ] >> bill: chinese would buy it? >> is chafee still going to be government after you sell it. >> bill: who cares. >> he is damaged goods after you took care of him last night. >> bill: i'm trying for a trillion dollars to cut the debt every year. not the deficit. the debt. i'm trying to get enough money in here so that we can go from 16 to 15 to 14, you see? >> we get rid of a trillion dollars very quickly by taking a half trillion a year. >> bill: what you just said is how you get rid of it. you raise the retirement rate for social security for a couple of years. >> medicare as well. >> bill: not for people who are over 45. under 45 or maybe 48. but the peo
. stuart: i think he had a round of golf with former president bill clinton just the other day. >> yeah. stuart: and bill clinton was-- you voted for him, twice. >> i sure did, he was a good president. stuart: do you think there's they chance that some of the moderation of blirn will rub off on the leftism of president obama? >> no, i think that clinton's leverage is gone totally. he supported obama totally in the election. without clinton i don't think that obama would have been reelect and that's what he did for him. and what clinton could do in the future, i don't know. i don't know why obama is so insistent on higher tax rates except it fits his rhetoric. stuart: at the end of the day, i think that the republicans will actually submit on the issue of higher tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill tha
. it is disappointing in the sense. if it were president bill clinton, you might think that something. ideas might be exchanged with one another. >> steve: some folks suggest that maybe the president would offer him secretary of business. >> gretchen: really? wait a minute. what percentage of people watching right now think that president obama would offer mitt romney secretary of business. >> brian: that is. >> gretchen: that would be fantastic but i doubt it. >> brian: in reading his bio. one of the business mistake was working in the cabinet for president nixon. i am personally kind of disappointed that bee are talking about tax rates for the rich. >> steve: campaign. >> brian: what about the middle class people standing in the back drop as they need a break and the president urging for something to be done yesterday and there is no scheduled meetings with john boehner. >> gretchen: it is annoying to see just a campaign. how many people are tired of a campaign speech. why not come to the table and figure it out. i don't understand it. >> steve: at this point, both sides know what they will give
. you go back to bill clinton's tax rates which we did pretty well under bill clinton, you cut some defense spending, which isn't going to get cut otherwise because the defense contractors are in practically every congressional district in the place. and you do make some human services cuts which i don't like but everybody's going to have to put something on the table here. >> steve rattner, i'm sure you would beg to differ with what howard dean had to say as far as the fiscal cliff goes. he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if
. on the issue of impairment, barack obama, bill clinton steve jobs none of them seem long-term impaired. on the other hand, sandra, to your point, george w. bush. it was a great conversation. sandra solin and tommy chong. thank you so much. >> i brought a present. >> cenk: theseyou did? >> these are called not a pipe. >> cenk: what do they do? >> you're not supposed to take them off. and you're not supposed to take them out of the string. >> cenk: which you just did. >> and you're not supposed to put the substance in this end. and you're not supposed to light it. >> cenk: then i will not do that after you give it to me. >> it's not a pipe. >> cenk: all right, thank you, tommy. i appreciate it. when we come back, now seriously, i've got a serious story. the serious one is blackwater. they're back, and getting no good contracts again. >> in september of 2007 blackwater said one of its convoys came under fire at a baghdad intersection and it's operatives were fighting for their lives when they open fired. >> cenk: and then a moment from our one year anniversary on current. [ cheering ] >>
-chair of the president's debt commission and the former chief of staff of president bill clinton, floated a similar plan last year. in embracing it, republicans are claiming bipartisan ship, and it's now up to the white house to respond. back to you. >> getting very interesting. thank you very much, rich edson. david: thanks, rich. well, washington doesn't seem to be get withing close to a debt deal, but one top investor believes they actually will get it cone and are get -- done and are getting close to it. bob doll joining us with his investing strategies. >> former lehman brothers' vice president larry mcconald who's now with new edge also believes a deal will be reached, but what will it be, and who ends up on the winning end? find out what he thinks next. ♪ david: while the president is tweeting his short answers about coming tax increases, wall street's holding its collective breath with the rest of the world for some kind of resolution to the fiscal stalemate in d.c. trillions of dollars hang in the balance not just in government revenue, but also in nonallocated cash. it's just been sitting on
so she encouraged bill clinton not to go to war. al lthe sudden, the affair popped up and he was impeached. nothing was done for 911 when they were here for five years. when bush stepped in, 911 happened. no one paid attention to that. hillary kept us from going to war which i think can close to 911. as soon as benghazi happened, she called up and decided not to be in her position anymore before the intermission came out. i feel she sold out. i think she is very intelligent. people, wake-up. host: sean is a democrat from indianapolis. caller: hello. in my opinion, i believe hillary clinton would be a good choice in 2016. host: why? believe bill clinton was the best democratic president since john f. kennedy. host: again, why? caller: why? people's rights. host: red in west virginia, republican line. hi, red. how're you doing? caller: i am doing all right. host: what do you think about hillary clinton in 2016? caller: i think c-span is starting to campaign for her already. we haven't seen what the president we have now is going to do for the next four years. i think it is prem
and a failure of leadership and america deserves better. >> it's true when bill clinton left office in 2000 we had you are plus and the deficit would have been eliminated as we sit here today what changed that was the republican president and congress. what put us on the path we are on now is not democrats. we would have no collective debt at all if we had left in place the clinton budgetary strategy. megyn: what do you make of that quote. >> what i'm responding to is i think what we are dealing with is a tell poar a temporal thing. it would drive the markets down and create say could and uncertainty. the president is saying we can't go through that again. megyn: he's wanting not only to raise it but to have uniform authority to raise. a fewer years ago they were saying that was a failure of leadership. >> he may not get it but he's right to argue that way the republicans have been doing this has been irresponsible. let's get this done in the way our democracy has worked the for hundreds of years. not this new extraordinary thing. i think he's right to put pressure on the republicans. megyn: i
. that is a given. i think that will happen. bill clinton tried to find a way to balance it out. he was going to cut a lot of investment rates. that, that profumo was enough to help trigger an economic boom. what you hand out in of a tax increase, the president could give back, that would favor the investment community. it could work for him. lori: grover norquist, tea party two-point oh. neil: it is interesting. it is hard to read whether there will be held back to pay for anyone who votes for any type of a tax increase. i think we have learned from this election, you know, back in the a very suicidal pact. i do not know if that threat is real. what is more real right now, the result we have to get a permit spending under control, has disappeared. when it came to spending, that is still -- by the way, the same people who are picking apart the tea party, john boehner is where he is now and the house enjoys the republican party it does now because of the tea party. i would not be so quick to dismiss all. connell: you still think we are all just playing around it we will get a deal done? neil: i would
for president bill clinton, one that the republicans put out yesterday, and it's one that democrats roundly rejected. >> republicans' plan, on the other hand, is more of the same. not only does it balance the budget on the backs of the middle class, but voids the promise to seniors with cuts to social security and medicare all to pay for handouts to the rich. at least we know where they stand. >> republicans are willing to make sure we don't go over the cliff, but, at the same time, don't harm the economy. what has to happen, the president needs to show leadership, sit in the room, stay here, get it done. that's why there was a proposal that's reasonable, meets his criteria. >> republicans say they have put a bipartisan plan forward. it's up to the white house to come back with their next proposal. the white house and democrats are saying republicans need to be willing to raise tax rates on families earning more than $250,000 a year as a prerequisite before talking about any of these structural changes that republicans want. back to you. dennis: thank you, rich edson, and the deadlock conti
." >> not reaching out aggressively enough like bill clinton, lbj, ronald reagan did. and also it was critical the first four years about him not reaching out enough to the business community. he didn't understand the business community, according to ceos who supported him for four years. but steve rattner, he's made a pretty dramatic shift since the election, and certainly i salute him for doing this, he actually is very engaged with the business community. and i'm not hearing the sort of things from top ceos and business leaders today that i heard the first four years. maybe -- maybe he's leaning in here and trying to rebuild a relationship with some of these people who supported him in '08. >> and i think it goes both ways. i think the business community views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up,
. >> stephanie: gee, who was really front and center of our campaign? bill clinton! kind of weird. >> good president. >> stephanie: mary in pennsylvania. hi mary. >> caller: hi, there. i love your show. didn't start watching it until late in the campaign. and i feel like i found a wonderful friend. >> stephanie: aww. >> caller: my question is grover cleveland -- >> stephanie: his ideas are just as fresh. [ laughter ] >> caller: exactly. if he think the average career only lasts 25 years has he signed up all of those people to the pledge 20 years ago shouldn't we be getting ready to throw him a retirement party pretty soon? >> stephanie: yeah, one would think. a lot of people were saying it applied to the congress that they signed it for and that was 20 years ago. don in columbus. hi don welcome. >> caller: hi, steph, how are you? >> stephanie: good. go ahead. >> caller: i was curious. i watched the shows yesterday and it was noticeable that tim kind of explained himself to everybody including chris wa
bill clinton, we have to get to the point where we can address that, and in addition to the positives, i think we need to also go negative and the political campaigns exposed the hypocrisy. and the foreign fighter flows, are you seeing bigger numbers from the middle east and the arab world into, say, northern mali. >> northern mali is the tech challenge of the moment. the complete collapse of the malian government, so now there is no control in the northern two-thirds of the country, and i don't know how to describe it any way other than a safe haven for al qaeda in the lands of the islamic maghreb. islamic maghreb we believe is al qaeda's best financed affiliate, deriving their money from kidnap little for ransom, for involvement in the drug trade and other illicit trafficking, things so simple as fuel and tobacco and what have you. but they have a lot of money. now they have a lot of weapons. many of the -- again, for lack of a better term -- mercenaries mr. gadhafi fired to work in libya they decided they were not going to be paid or he was nose going to be around and they left lib
his son's aspberger's syndrome. two eye-opening visits with former presidents bill clinton and george w. bush. that'll do it. at the end of their journey, ron concluded this in part, quote, rather than sweat over it, i now realize how much i'd miss if he was ant an aspie, his humor, bluntness, obsessions with everything from video games to family. i saw through both presidents a successful future in tyler. in clinton, big possibilities for a boy with sharp mind and rough edges. in bush, tyler's gift of humor as a means to find confidence in himself and connections with others. i learned that while tyler was not my idealized son, he was the ideal one. in the oval office years ago, i thought bush had ordered me to love that boy in spite of his idiosyncrasies, now i realize i love my son because of them. okay. i'm going to cry. that's beautiful. >> thank you. >> sounds like an incredible journey for both of you. >> it was. it was my wife's idea. and it's a remarkable gift she gave us to make us go on the road together. and the two presidents, the graciousness they showed in spending time
rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they were? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening, loophole closing, expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. very rich people depend more on investment income than on their labor income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the super-rich, the top tenth of 1%, it may be that marginal tax rates
now they will have the time to schedule a round of golf with bill clinton. [laughter] >> that's an inside joke, folks. >> let me turn to the subject at hand. i believe we're dealing with an important question in the south caucasus region which reps in a complex of the both regional alliances and conflicts, bitter rivalries, degrees of western orientation, desperate economic trajectories, and a potential venue for instability and even violence. in terms of you in the south caucasus region from the perspective of the subcommittee it is important to note some of our strongest instruments, the euro atlantic institutions of nader, the european union, have a weak presence, and, therefore, are not as relevant as they are in the balkans. ultimately this means that europe and the united states have less leverage in the region. this allows other countries in the region to compete or political, economic and military influence in the region. i'm looking for to hearing eyewitnesses discuss this issue today. really want to hear what you have to say. i believe that armenia, azerbaijan and ge
is what has to happen, all right? the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> yo
bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening loophole closing expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. a very rich people depend more on investment income than on their labour income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the super- rich, the top 10th of 1%, it may be that marginal tax rates does not serve your purpose. whatever happens now, what ever cut a
whether someone liked president reagan or president george h.w. bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that i drew great hope from on 9/12 delsh 2001 as people of the country -- on 9/12/2001 as people of the country gathered around, as we did in our east texas town, and we all held hands and we sang hymns and patriotic songs and you look -- i look around the circle and was deeply moved because i knew that day there were no hyphenated americans. there were just americans. and we were together. and everybody standing there in that square holding hands, we shared the love for our country. we wanted to see it strong. we wanted to see
to bill clinton. welcome. john has to leave us a little bit early. i will go to him first when we begin. we also have the co-director of bill. we have will marshal as well. we have senator bob pack worwar. xe is part of the '86 ta negotiations. hope to get your thoughts on that. please jump in. we have about an hour or an hour and a half. if you hear something you want to weigh in, please do not look to me, but i will try to direct the conversation as best as i can. we are talking about the other licy.ssue dax tax polic-- tax po the question of revenue -- how much and where to get it? the options are on the table. they need some ideas, both sides, to bridge this gap. we appear to be at a stalemate. i will turn it over to john podesta to get his thoughts. john, maybe you want to weigh in on some ideas and give your thoughts on this debate. >> following up on this morning 's sessions, in order to have a balanced approach, we need revenue and spending restraint. there were ideas talked about this morning with restraint on big entitlements and medicare, specifically. we also need new revenu
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